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Property profile & analytics
OFF-MARKET
Commercial land

1036 Jim Day Rd Salem, IN 47167-7217

1,576 SF 11.92 ac lot Built 1905
Entity Owned 10-yr Hold Free & Clear
Property ID
US31-1865891
Property summary
AI-generated overview

This exceptional 14.51-acre commercial property presents a rare development opportunity in Salem, Indiana. Boasting a highly desirable B-2 zoning classification, this expansive site is ready for immediate development. The property benefits from abundant road frontage on a state road and a county road within the business district, ensuring high visibility and continuous traffic flow. Easy access and egress points further enhance its appeal. All city utilities are readily available, simplifying the development process and minimizing infrastructure costs. The seller is willing to divide the land into smaller tracts, catering to a range of development projects and investment strategies. This presents a unique chance to capitalize on Salem's thriving commercial sector. The significant size of this parcel, combined with its prime location and convenient access to city amenities, makes this a truly exceptional investment opportunity. Don't miss this chance to secure a substantial piece of Salem's commercial landscape. Contact us today to explore the possibilities and discuss your vision for this remarkable property. Immediate possession is available.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1905
Construction WOOD FRAME
Total area 1,576 SF
Lot 11.92 ac (519,235 SF)
APN 88-24-09-000-014.000-022
UPID US31-1865891
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Day Farm Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Destiny Investments LLC · 10 yrs held
Destiny Investments LLC
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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